Mitek Q3 revenue $54M (+18% YoY); raises FY2026 guidance; chairman change

MITEK SYSTEMS INC

Total revenue $54.0M, up 18% YoY; SaaS revenue $26.2M, up 36% YoY.
GAAP net income $8.4M ($0.17 diluted EPS) vs $2.4M ($0.05) a year ago.
Adjusted EBITDA $20.8M (38.5% margin) vs $13.1M (28.6%) a year ago.
Raised full-year fiscal 2026 revenue and adjusted EBITDA margin guidance.
Mark Rossi elected non-executive Chairman effective Oct 1, 2026, succeeding Scott Carter.

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